ExxonMobil raises MLLDPE offers in China by $30/tonne

11 September 2012 11:48[Source: ICIS news]

SINGAPORE (ICIS)--ExxonMobil has raised its offers for hexene-based metallocene linear low density polyethylene (MLLDPE) by $30/tonne (€23/tonne) in ?xml:namespace>China this week, taking the cue from spikes in values of polyethylene (PE) in the European market, Chinese importers said on Tuesday.

The company is offering hexene-based MLLDPE at $1,500/tonne CFR (cost and freight) China for September shipment, up from $1,470/tonne CFR China last week, also citing high cost of feedstock ethylene, they said.

ExxonMobil declined to comment on the issue.

Prices of feedstock ethylene in Asia were assessed at $1,300-1,380/tonne CFR northeast Asia on 7 September, up $30/tonne from the previous week, according to ICIS.